TLDR
- CleanCore Solutions (ZONE) purchased 285.4 million DOGE tokens worth approximately $68 million, creating the largest Dogecoin digital asset treasury
- The stock surged 40% in after-hours trading following the announcement, closing Monday at $3.51 per share
- Company plans to acquire up to 1 billion DOGE within 30 days through a $175 million PIPE offering partnership with House of Doge
- Long-term goal includes securing 5% of total Dogecoin supply as part of their treasury strategy
- Dogecoin price jumped 7% to $0.24 following the news, with the first Dogecoin ETF potentially launching this week
CleanCore Solutions made waves in the crypto world Monday with a massive Dogecoin acquisition. The company purchased 285.4 million DOGE tokens worth approximately $68 million.
🚨 Breaking: CleanCore Solutions ($ZONE) acquires 285M $DOGE ($68M), launching official #Dogecoin Treasury with goal to hit 1B #DOGE in 30 days 🐕🚀 pic.twitter.com/3pdC1yqIm2
— Doge Lord (@DogeLord) September 8, 2025
This purchase creates what CleanCore calls the largest Dogecoin digital asset treasury. The move was completed in just under a week according to company statements.
ZONE shares responded immediately to the news. The stock closed Monday’s regular session at $3.51 per share.
After-hours trading told a different story entirely. Shares surged 40% as investors digested the crypto treasury announcement.
The company operates with a market capitalization of around $50 million. This makes the Dogecoin purchase particularly eye-catching given its size relative to the firm.
CleanCore’s crypto strategy extends beyond this initial purchase. The company plans to acquire up to 1 billion DOGE within the next 30 days.
Partnership Fuels Expansion Plans
The Dogecoin treasury stems from a partnership with House of Doge. House of Doge represents the newly formed corporate arm of the Dogecoin Foundation.
This partnership aims to create what they call the “official Dogecoin treasury.” The collaboration includes funding through a $175 million PIPE offering.
Major players backed this capital raise last week. Investors include MOZAYYX, Pantera, GSR and FalconX among others.
Marco Margiotta serves dual roles in this arrangement. He acts as CleanCore’s CIO while also serving as House of Doge’s CEO.
“ZONE’s treasury was created to capture the value of Dogecoin’s ability to serve as the people’s currency,” Margiotta explained. The strategy aligns with House of Doge’s vision for increased utility and adoption.
Market Response and Future Outlook
Dogecoin itself saw gains following the announcement. The token price climbed about 7% to $0.24 as of Monday evening.
The crypto ranks as the seventh-largest cryptocurrency excluding stablecoins. Its market cap sits north of $36 billion currently.
CleanCore’s ambitions extend well beyond the billion-token target. The company has set a long-term goal of securing 5% of the total DOGE supply.
This would represent a massive accumulation strategy for the microcap company. The treasury approach reflects growing corporate interest in cryptocurrency holdings.
A potential catalyst looms on the horizon for Dogecoin. Bloomberg analysts suggest the first Dogecoin ETF could launch as soon as this week.
The timing of CleanCore’s purchase coincides with this potential market development. Investors will watch whether the ETF launch materializes and impacts DOGE prices further.
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